As we have said before, silver is a precious metal appreciated by many people all over the world. In support of that narrative, the indicative ratio between the price of gold and silver rose to 80, from an average of 67 in 30 years, which means considerable market turbulence. Gold is the traditional option for trading precious metals, but buyers and sellers have been very successful with trading silver. Although gold is more revered and requires more money, silver is still considered a valuable metal all over the world.
Despite the saving of metals, which has already reduced the silver content in photovoltaic cells by 80% over the past decade, demand is expected to grow over the next five years. When considering silver price predictions, it's important to remember that high market volatility makes it difficult to obtain long-term estimates. By 2025, silver should be able to register a significant price increase in price in the first six months of the year. Gold is traditionally the best option for investing in commodities, but it is usually much more expensive than silver.
These types of derivative financial products give you the right, but not the obligation, to buy or sell silver assets at a specific price. As many have commented, predictions based on pure supply costs and on the growing demand for silver based solely on photovoltaics cannot be taken seriously. Like gold, the price of silver has an excellent track record throughout history, and silver can play the same role as gold as a store of value. So what will the price of silver (XAG) be in 2027? In other words, what will the average price of silver be over the next five years? Futures are presented in the form of forward contracts and ensure that companies buy or sell commodities at a certain price.